Flare, the blockchain for data, has expanded its roster of infrastructure providers by bringing on board renowned entities like Ankr, Figment, Restake, and NorthStake. These entities will serve as both network validators and data providers for the platform’s native oracles.
This strategic partnership marks a significant milestone, making Flare the first smart contract platform to leverage institutional validators for providing decentralized data feeds to developers building on the network.
Unlocking the Power of Data
Data is the lifeblood of the digital world, and reliable access to real-world information is crucial for the development of decentralized applications. Flare aims to revolutionize this aspect by integrating oracles directly into its network architecture.
Through this innovative approach, Flare empowers developers with decentralized access to a vast array of data, empowering them to create groundbreaking applications that transcend the limitations of traditional data sources.
Partnership Highlights
- Ankr: A leading provider of decentralized infrastructure and blockchain services.
- Figment: A premier provider of staking infrastructure and node operations.
- Restake: A renowned provider of staking and validation services.
- NorthStake: A specialized provider of staking infrastructure and security solutions.
What are Validators and Data Providers?
Validators ensure the security and integrity of the blockchain network by verifying transactions and adding new blocks to the chain.
Data Providers provide essential real-world information to the blockchain, enabling the creation of data-driven applications.
Decentralized Data Provision: A Game-Changer
By combining validation responsibilities with data provision, Flare will offer developers unprecedented access to the most comprehensive and reliable data streams, enabling them to build applications that leverage real-time, trustworthy information.
With 91 global network validators also acting as data providers for the Flare Time Series Oracle (FTSO), Flare establishes one of the most decentralized and dependable oracles available to developers.
The involvement of validators of such high caliber and scale as Ankr, Restake, and Luga Nodes in providing decentralized data on Flare’s platform validates our vision for a truly decentralized data network.
– Hugo Philion, Flare CEO & Co-founder
Luganodes has consistently provided top-notch services in blockchain infrastructure, and we find Flare’s novel decentralized data provision model intriguing. We’re thrilled to be both a validator and data provider in Flare’s ecosystem, as it aligns with our mission of offering secure blockchain solutions.
– Anuj Shankar, CEO of Luga Nodes